1 min read
Add as a preferred source on Google

Capital Group Fund Adds 143,975 Shares to Its Strategy Stake

The purchase, valued at about $20 million, lifts the Fundamental Investors fund’s position to 11.65 million shares.

Mentioned assets
An unmarked brass coin rests beside a thick blank share ledger / TokenPost.ai
An unmarked brass coin rests beside a thick blank share ledger / TokenPost.ai

Capital Group’s Fundamental Investors fund added 143,975 shares of Strategy (MSTR), bringing its position to 11.65 million shares and deepening the asset manager’s exposure to the Bitcoin-focused company.

The purchase was valued at about $20 million. Capital Group’s Growth ETF also previously added 535,300 Strategy shares, raising its holding to 2.19 million, in an earlier increase in the fund’s Strategy stake.

Strategy’s corporate treasury focuses on accumulating Bitcoin (BTC). Its shareholders face risks tied to the company’s crypto holdings alongside the usual risks of owning stock.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…